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Forest's Texas Operations Lift Q4 Oil Volumes
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Forest Oil Corporation has reported financial and operational results for the fourth quarter and full-year 2012 and provided year-end estimated proved reserves. References to pro forma results excludes asset sales completed during 2012 and the South Texas divestiture that closed on February 15, 2013.
Forest noted the following results for the three months ended December 31, 2012:
Average net sales volumes of 309 MMcfe/d; at the mid-point of previously provided guidance Average oil net sales volumes of 8.7 MBbls/d; pro forma increase of 47% from the fourth quarter of 2011 Average liquids net sales volumes of 17.9 MBbls/d; pro forma increase of 21% from the fourth quarter of 2011 Adjusted net earnings of $17 million compared to $20 million in the corresponding 2011 period Adjusted EBITDA…- ✓ Full news archive — U.S., Canada & international coverage
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